June 10, 2024

B2BinPay v20 is Live with TRX Staking and Expanded Blockchain Support

By ellen

New York, NY – June 10, 2024 – (SeaPRwire) – B2BinPay, a top-tier blockchain platform, has undergone significant enhancements. The newest version now includes TRX staking and broadens its blockchain support, providing clients with increased flexibility and improved efficiency. Let’s explore how these new features can enhance your experience with B2BinPay.

TRX Staking – Earn During Transaction

One of the standout features of B2BinPay version 20 is the introduction of TRX Staking, which leverages the TRON community’s advanced Stake 2.0 mechanism. This new method surpasses the previous Stake 1.0 by providing greater flexibility, simplified user interactions, and improved resource delegation and utilisation efficiency.

TRX staking allows B2BinPay clients to stake any amount of TRX and earn a passive annual yield of 3-5%, depending on network conditions. The benefits extend further, as staking TRX significantly reduces transaction fees on the TRON network. This reduction is achieved by converting staked TRX into Bandwidth and Energy, two essential resources.

Bandwidth is utilised for transaction processing capacity, while Energy is necessary for powering smart contract operations. By staking TRX and acquiring these resources, both businesses and individuals can optimise their transaction efficiency and inferior operational costs, acquiring a significant competitive edge in the digital asset field.

Commencing TRX Staking on B2BinPay is a simple process:

  • Firstly, convert your TRX into either Bandwidth or Energy tailored to the particular processing requirements of your selected asset type.
  • Following this, allocate your converted votes from Bandwidth or Energy to SR.

Enhanced Blockchain Support, Including Optimism, Arbitrum, and Base

Building upon the existing integration of Polygon and Avalanche, B2BinPay v20 broadens its blockchain support by incorporating Optimism, Arbitrum, and Base. These additions offer native support for stablecoins, enriching the platform’s capabilities.

Optimism

The Optimism blockchain is a Layer 2 solution designed to enhance the scalability of the Ethereum leading network by aggregating transactions. It gathers transaction data from the Ethereum blockchain, consolidates it into batches, and then submits it back to the Ethereum mainnet for validation. As a result of this process, transaction fees are approximately ten times lower than Ethereum’s base level. Since its introduction in 2021, Optimism has facilitated savings exceeding $1 billion in gas payments for users, establishing itself as one of the most cost-effective blockchain options available.

Arbitrum

Arbitrum serves as an Ethereum scaling solution designed to accommodate increased transaction volumes while minimising costs. Leveraging the same tooling as Ethereum, Arbitrum enables developers to efficiently and securely deploy decentralised applications (DApps) on its platform. This integration extends support to stablecoins, thereby expanding the array of options available to users.

Base

Base, a product of Coinbase, uses Optimism’s OP Stack to enhance compatibility with the Ethereum Virtual Machine (EVM). This open-source roll-up solution not only accommodates stablecoins but also streamlines code deployment across Ethereum and compatible blockchains.

The Significance of Expanded Blockchain Support for Clients

With B2BinPay integrating additional blockchains, clients gain access to a broader array of options for their transactions, allowing them to align their business requirements with the most suitable technology.

Specifically, B2BinPay now supports:

  • USDT on 7 networks: Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, and Arbitrum.
  • USDC on 8 networks: Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, Arbitrum, and Base.
  • Bridged USDC on 4 networks: Avalanche, Polygon, Optimism, and Arbitrum.

Here are some additional use cases illustrating how the expanded blockchain support can be advantageous to clients.

Facilitating Withdrawals for End-Users

In scenarios where end-users necessitate withdrawals in currencies that are not readily accessible, B2BinPay empowers clients to convert assets into the required currency promptly and manage any associated transaction expenses efficiently. This ensures the seamless fulfilment of end-users’ withdrawal requirements.

Minimising Blockchain Transaction Fees

B2BinPay presents an efficient solution for clients seeking to decrease the expenses associated with USDT transactions. Clients can effectively reduce costs by enabling the aggregation of USDT from various blockchains, such as Ethereum or Optimism, into a unified swap wallet. Subsequently, withdrawals can be executed using any available blockchain, further optimising transaction expenditures.

Ensuring Liquidity for Trading Platforms

In situations where significant cryptocurrency funds are held and urgent needs arise, such as stopouts on trading platforms, B2BinPay’s robust blockchain support enables the swift conversion of assets into the required currency for deposit. This feature facilitates rapid responses to market demands, ensuring liquidity is maintained.

Final Remarks

B2BinPay is planning to introduce Algorand and Solana in the upcoming release. This expansion will elevate the total number of blockchains supporting stablecoin transactions to ten, alongside existing platforms: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.

Stay connected with B2BinPay to leverage their advanced blockchain payment processing solutions and maximise your business potential.

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Media Contact

Brand: B2BinPay

Contact: Media team

Website: https://b2binpay.com

SOURCE: B2BinPay

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